OPEC+ to raise August oil production by 188,000 bpd, reiterates commitment to market stability

WIRE — New Delhi [India], July 6 (ANI): Seven key OPEC+ producers have agreed to increase oil production by a combined 188,000 barrels per day (bpd) in August 2026, while reaffirming their commitment to maintaining stability in the global crude market amid evolving demand and supply dynamics.The decision was taken through a virtual meeting by Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, the group o

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